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§12A-2A-402.


§12A-2A-402.
   
                          ANTICIPATORY REPUDIATION
                                      
   (1) If either party repudiates a lease contract with respect to a
   performance not yet due under the lease contract, the loss of which
   performance will substantially impair the value of the lease contract
   to the other, the aggrieved party may:
   
   (a) for a commercially reasonable time, await retraction of
   repudiation and performance by the repudiating party;
   
   (b) make demand pursuant to Section 41 of this act and await assurance
   of future performance adequate under the circumstances of the
   particular case; or
   
   (c) resort to any right or remedy upon default under the lease
   contract or this article, even though the aggrieved party has notified
   the repudiating party that the aggrieved party would await the
   repudiating party's performance and assurance and has urged
   retraction.
   
   (2) In addition, whether or not the aggrieved party is pursuing one of
   the remedies provided for in subsection (1) of this section, the
   aggrieved party may suspend performance or, if the aggrieved party is
   the lessor, proceed in accordance with the provisions of this article
   on the lessor's right to identify goods to the lease contract
   notwithstanding default or to salvage unfinished goods (Section 71 of
   this act).
   

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